2023-06-02 01:36:54 ET
- Group 1 Automotive ( NYSE: GPI ) notifies the acquisition of Beck & Masten Kia.
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- The dealership, which is in the Houston metropolitan region, increases the company's presence in the Houston market to 15 brands and 18 dealerships.
- The dealership is anticipated to provide yearly revenues of $85M, raising Group 1's total acquired revenues for the year to date to $1.0B.
- The business sold a Ford franchise in New Orleans, Louisiana, which produced $60M in yearly sales, during the second quarter.
For further details see:
Group 1 Automotive acquires Beck & Masten Kia dealership in Houston